Binance and the USA, Twitter and Bitcoin, Facebook and GlobalCoin

Binance exchange closes access for users from the United States; Jack Dorsey told about Bitcoin. GlobalCoin test network by Facebook is launched on June 18.

Binance Restricts Access for the US Customers

Since September 2019, Binance cryptocurrency exchange closes access to trade for American users. Besides, it will still be possible to move out up to 2BTC without verification, however, the company has the right to request customer’s data at any time. At that, it is not clear what will happen in case of rules violation.

Binance made this decision after analyzing users’ activity. It turned out that 15% of its 40 million customers live in the United States. That is why the exchange decided to open a separate division to work in the country. For that to happen, the platform is now trying to bring its work in balance with the requirements of the US regulatory authorities. A little earlier, customers from the United States and other 27 countries lost an access to over-the-counter trading on the decentralized Binance DEX exchange.

Twitter CEO believes in Bitcoin

In an interview with Quartz, Jack Dorsey, Twitter CEO and one of the co-founders, spoke about Bitcoin prospects. According to Dorsey, this cryptocurrency can become the Internet native currency. In defense of his own opinion, he advanced four arguments. He noted that Bitcoin development community managed to keep the principles embodied in it.

In addition, Bitcoin stability speaks out in its support. No other cryptocurrency has such a long history of ups and downs, but despite this, it was able to maintain the title of the top cryptocurrency. It was also essential to recall the emission limit. Jack Dorsey noted that a finite coins’ number makes users to be more careful about the resource.

Facebook Prepares to Become a Competitor for the Banking Network

As early as June 18, Facebook test network on Libra blockchain will be announced. It is already known that Apache 2.0 was used for its development; moreover, this project’s investment will amount $ 1 billion. In total, the project will have 100 investors and each of them will invest $ 10 million. The funds will be placed on the accounts of consortium, which will manage GlobalCoin cryptocurrency.

The names of some investors have already become known. These are Stripe, Booking.com and MercadoLibre, Visa, MasterCard, PayPal and Uber. There is no doubt that Facebook would have had enough of its own funds to launch this project. However, the cooperation allows to more successfully resolving many issues. According to Facebook plans, the new cryptocurrency will allow 1.7 billion people to gain access to banking-level services.

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

LARSON AND HOLZ IT LTD

All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, France, North Korea, Spain, Sudan and Syria.